Innovation past and future: the Hidden Cost of Venture Capital
If you hail from one of the hot beds of high tech - Silicon Valley, say, or (in my case) the Route 128/495 area of Massachusetts, you've doubtless heard the phrase"serial entrepreneur." What those words describe is someone who has started several companies, and the phrase, when used, is invariably regarded as a compliment. These days, if such a serial entrepreneur has some major successes under her belt, that makes her one of the elite of the high tech nobility - someone with the golden touch, that can turn ideas into huge returns for founders and investors alike. But should this really be a compliment?
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